THE TECHNICAL EFFICIENCY OF ILLINOIS GRAIN FARMS: AN APPLICATION OF A RAY-HOMOTHETIC PRODUCTION FUNCTION

The purpose of this paper is to measure the extent of technical inefficiency among a sample of Illinois grain farms using the corrected ordinary least squares method. Instead of assuming a Cobb-Douglas production function, a linear form of the ray-homothetic is used. The results show a significant amount of technical inefficiency among all the farms in the sample, but with large farms being less technically inefficient than small farms.


Issue Date:
1987-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29313
Published in:
Southern Journal of Agricultural Economics, Volume 19, Number 1
Page range:
69-78
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-24

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